want to get back to julie hyman who's been watching apple shares. they are up slightly today, julie, how does it look? julie: apple shares are getting a lift. some thing that's important in the broader market before you get apple specifically, and that is dennis lockhart, president of the federal reserve bank of atlanta, who is speaking right now. the text of his prepared remarks says that the u.s. economy is strong enough to whether a rate increase as soon as april. that's obviously different view than what we heard last week in the federal reserve commentary. just some to mention today as we watch what's going on with the broader markets. getting to apple, we're not seeing much change in the shares. that's not entirely unusual for what we tend to see on these announcement days. if you go all the way back to the first iteration of the iphone, when it was announced there was a big pop in the stock. that one aside, the average stock is about a 1% decline on the days when the stock is announced. when you look at apple performance over the past year, it

julie hyman is standing by with the spider sector report. he pullback we are seeing in the xli, the etf that tracks the industrials, down 1%. obviously outpacing the declines we are seeing in the broader market. to those declines, the airline stocks. alta in particular predicting decrease in passenger unit revenue of 2.5-four .5%. southwest shares we have been watching as well today. the are faring better after company said february traffic rose by 13.5%. we have heard from a number of different airlines today pit if you look at passenger revenue per available seat mile, that is one of the benchmark measures for airlines, and here are all the different measures. delta is all the way up here at 14.7%. it is outpacing the industry. if you see the decline like it is talking about, it will bring it more in line with some competitors. then you at southwest, american airlines, ual, and jetblue all the way at the bottom with that measure. one thing my producers noticed about the alliance is how much the price-to-earnings ratio has come down, which i

first, let's head to the markets desk where julie hyman has the latest. julie: things are not going great. i've been reading through some of the research in the wake of the ecb announcement and there doesn't seem to be a lot of confidence that what the ecb is improvell be enough to the economic fortunes in the eurozone. draghi sayingario today this will be the last of the interest rate cuts, that is giving investors concerned that the ecb has perhaps deployed all of its tools in one shot today. we are seeing stocks lower in the u.s. the s&p 500 has good lower and lower, bouncing along the bottom. dragging the most on the s&p. a combination of technology, microsoft and apple trading lower. it willme out and said be making its latest product announcement later this month. falling along with financials in a, with -- along with financials and exxon mobil falling as well. the month oft march, this is the second biggest swing in s&p we've seen this month. it was even bigger if you look at european stocks, the s&p 600 swung from up to present to down 1.5% by the

david: -- scarlet: let's check in with julie hyman. julie: we've seen stocks in the u.s. proved resilient and then some. early we saw a mixed to little changed picture, now, still relatively little change, but more to the upside. with the nasdaq in particular leading gains today up .4%. inve seen mark barton show past instances when there have been various terrorist attacks, the european leisure stocks, in particular, have been resilient. we are seeing that more broadly occur today as well. when asked you to come into the bloomberg, not sure if i have a queue for this. if we can take a look at the imap, i will look at which groups are leading now that things are higher. health care is leading the gains in the s&p 500, tech's number two as we do see the nasdaq gained in consumer staples. gaming, if yous look at the next, the fear index, it's now down very slightly, earlier today we were seeing again in the next. below 14 there does not indicate a high level of concern as to what's going on globally in the markets. likewise, if you look at the risk off trade, where are peop

scarlet: we want to go to the markets desk, where julie hyman is. the dow is now in green for the year. julie: erin go bragh, i guess, for the markets today. stocks rising about to the highs of the session. even the nasdaq is in the green. it was resisting for much of the day. the s&p 500 going above its 200-date moving average, the technical a full -- technical level many traders have been watching good the dow is gaining strength as the day continues. the dow is green for the year as well. if you look at the year-to-date chart for the dow jones industrial average. .2%, as we have had this run ever since a february 11. the s&p is .2% lower on the year. the nasdaq is up about 4.7% on the year. we have been watching oil strengthen once again today. 7.5%. what is notable is that it touched on both what he dollars a barrel for the first time this year. we have been watching oil for that reason. if you look at the total market cap of the united states, even with today's games, and this is as of the close last night, it still looks like we have had a lot

julie hyman has the latest. on this extremely light volume day. julie: we do know it is vacation week for many kids out of school so that means some folks are away. also, we have had a strong run of gains for the major averages. five straight weeks of gains. so now we are sort of hovering. there is a positive momentum as the s&p and dow gained slightly. the nasdaq down very slightly. if you look at the s&p 500 over the past week, it is not just today that we have seen this. there has not been that much of a change. down about 10 -- about 7/10 of a percent. even take a look at volume again today. if you look at the bloomberg, volume versus the 20 day average for all of the groups in the s&p 500. all of these bars are down particularly energy. more than 40% drop in volume. utilities, financials and health care seeing a 40% drop worse is the 20 day average. it is across the board. it is not -- it does not just feel like, it is lower than typical trading activity. alyx: is there a flight to safety in this light trading day or light across the board? ju

julie hyman at the market desk.cedes bends unveiled a smaller luxury suv at the new york auto show today, and matt miller caught up with them, and he asked about the latest brand offering. >> we have brought four premieres, so this is a really big show, and the star is this coupe. it is an suv. it is for people who want to be individualistic, and this car is a symbiosis of those two things. matt: these are taking out some of these? >> it is a niche. get is a niche where you utility into one, and where we can get some customers who like a true luxury car. matt: i see some luxury brands reaching to the luxury side, taking a bite out of the playbook in order to use it for their regular customers. ?re you trying to go sportier that has gone tremendous growth, and we just have to continue that growth. we are expanding the portfolio. fromll have more models top to bottom, so, yes, it is becoming -- i would say a grown-up family member. time, thehe same luxury market has gotten tighter. there is still growth, but it is not

stuff, julie hyman.ing off with the two year yield moving up to 90 basis points. they are a little bit surprised about what the oil prices have had on -- about the effect oil prices have had. >> declining oil prices have been good for the consumer. >> stan fisher speaking right now. let's listen in. >> thank you for that kind introduction. it is an honor to receive this lifetime achievement award for economic policy. to follow in the footsteps. it is enhanced by a model citizen, a model public servant, and a giant in every sense among central bankers. one thinks of many things on an occasion such as this one. my mind goes back first to growing up in a school town. and to the surprise and delight -- >> that is stan fisher speaking right now. there are some observations he makes about the economy folded into it. >> it is not a specific here is where we are in the economy and here's where the fed is. cut out justou before he got to the joke, the professor goes back to the london school of economics and says

the markets to desk, where julie hyman has the latest. julie:

david: julie hyman has a check on company movers. e: i'm taking a look at shake shack. 5%is down about eight point year-to-date. today, it is rebounding. the stock was upgraded to buy from neutral. it is down about 8.5% year-to-date. new store impressive growth performance outside of manhattan in 2015. he says we could see 2.5% to in% lift from chicken shack 2016 as it expands more into chicken sandwiches and not just burgers. we are also watching insurers. there is an underwriting improvement at aig. now that he has a higher level of confidence in the quality of the expected underwriting improvement that the company's goal is to improve its underlying loss ratio over two years. he says they can achieve that. metlife winning a big victory against the u.s. government. the u.s. has labeled it too big to fail. one of only four nonbanks to get that designation. metlife has been battling that name in court over the past couple of years. today, a court ruled in metlife's favor. they are now up about 4%. insurers, ag about huge victory for m

first julie hyman hased

we want to head over to the markets desk julie hyman has been tracking the moves. uninterrupted today. julie: things did not change although you never know in this market. we are seeing stocks rise to the highs of the session. the s&p and the nasdaq neck and that with a game of a 1.2% each. if you look at what is driving this game, energy is the best performing group. it is dancing around today up more than 2%. financials also doing very well today. financials very heavily weighted with in the s&p 500. that is helping matters. the other heavily weighted group, information technology, also gaining on the day. all this means that the s&p in the dow in particular have pared their losses in the year to less than 2%. the s&p is up 10% from its low of the year on february 11. the nasdaq has been the laggard. we have seen volatility in tech stocks higher than the broader s&p 500 and we have seen a lot of trepidation around that group . that has not entirely dissipated. in terms of what is driving energy stocks higher, we have watched oil go up today. gold heading in the o

let's go to julie hyman. we had breaking news out of metlife. julie: metlife one this big court case against the u.s. government. the government had does it needed metlife as systemically significant, too big to fail by the u.s. regulator. it's one of four nonbanks to be given that designation. metlife has been fighting that designation and today, they won in court for it a federal judge in washington struck down the designation which had been given by the financial stability oversight council. the reason for the ruling was sealed by the judge. you can see the shares are surging by 5% on that news. we are also watching cruise lines. carnival is out with his numbers ahead of estimates and out with a forecast ahead of estimates. the company says cumulative advanced bookings for the rest of the year are well ahead of the prior year at slightly higher prices. it's pulling up other cruise line operators. in general, if you look at the big stocks leading today, a lot of technology shares have been doing well. apple was upgraded. those shares are higher

let's head to the markets, where julie hyman has been checking out the latest. will be holding a meeting with investors on march 15. ng, it should rise on comments around the investors. commentary perhaps on ad rates should help the stock. for companies from ubs to sell, yelp and groupon. larger competitors start to focus more on the local ad market. in the case of yelp, ubs saying they are skeptical on a turnaround for the company. in the case of groupon, they are looking at google, facebook, and amazon. groupon seeing a tumble in today's session. this is getting an upgrade over piper jaffray to overweight from neutral. the analysts they're saying the company will be successful in transitioning to the out of service model. analysts saying that will have been because the security environment is growing more complex and his company has best in class intelligence gathering capability. shares of less than 2%. i want to end on chevron. it is the underlying reason for the upgrade that really is driving stock upward. promised tong it defend its quarterly dividend, and

we will go over to julie hyman with the highlights from today's session. julie: we do have this strong rally. the yes you 500 at its highest in about seven weeks. it is a little bit of a curious rally. of the continuation rebound that we have been seeing in stocks ever since then is the low for the year february 11. the catalysts were not huge catalyst. we got worse than estimated economic data out in china on both the services and manufacturing fronts. to theems to be leading conclusion we will see more stimulus not just from the pboc but across the globe.. still showing a decline in the united states, over the last months. take a look at the sectors on the move through the imap, we have seen some usual suspects that are doing well today. large-cap banks, and large cap technologies. those are the two leading groups today. consumer discretionary also higher. the one group that is lower its utilities. i want to check on apple since we have been taking -- talking about it. move data all on this to spew they are having with the u.s. government. but they are ri

. >> we want to head over to the markets desk with julie hyman. julie: we have a gain in emerging markets. we had a mixed session in asia. stocks in the u.s. are rising the highs of the session. we have seen strengthened financials and a rebound in health care. i want to talk about the m&a activity. --st of all, yet the group we had the group in china with an agreed-upon good. saying no thank you, we've all take the other offer instead. what would be a higher price? what is the likelihood that marriott will come forth with this higher offer? jpmorgan says there is a 40% chance that marriott raises it did. -- it's bid. the deadline is march 28. at bid from an bank stands $13.2 billion. there is a done deal in the natural gas pipeline industry. companyada acquiring a share. 50 a broke inthe deal that the last our for all for metrics. there is a bidding war for this company as well. not quite rising to the offered .rice it is 15% higher than thermo fisher scientific. >> we have a call out which is recommendation on the gaming sector. genting from vip

let's go to the markets desk with julie hyman. julie: i was looking at the volume figures for today, and there is not only a lack of price action, but a lack of action altogether. it is unusually low today as ifestors wait for the fed you need sectors on the move, there is a little bit or movement here today. energy shares were the worst performing group, and now financials and energy, we're seeing a drag on major averages. of course, as we have been watching this, that means we are toting closer and closer unchanged for the year. i just wanted to mention what we are in commodities today as well. oil and gold, which we have lowerng, crude oil after a wrongful not freeze rampstion until after it up production. david: a big week for central banks. i wonder where the fixed income markets are in all i wil -- in light of that. julie: we have a yield of 1.95%. it is going lower to be sure, but it is getting closer closer to the 2% threshold and it reflects some increasing use that the fed will raise interest rates, maybe even twice this

first julie hyman hased latest, julie. julie: down today, david, financials are pushing us down and we're seeing some pressure in the commodities, all three major averages off, not huge decline but indeed to push us lower for the week. one of the things we have seen in this week is low volume. that continues today. we could see once again one of the lowest trade voice mail days of the year. here is volume by the various groups in the s&p 500, utilities seeing the biggest drop versus the 20-day average. as you can see, all of the bars are negative once again today. that means as the declines generally that we have seen in price means that we're once again seeing the s&p lower. the dow squeaking out a gain, but at times during the day, it was negative. the recovery in the s&p 500 was short-lived, one of the themes we have been talking about in today's session is whether stocks are stuck in neutral here. the white line is the s&p 500 going back to 2015. we did have a lot of volatility in the fall, late summer going to the fal

let's head now to julie hyman who has been keeping an eye on the market. lie: joining me today with options inside is the chief investment officer at recon capital partners. there is a new product in options that i know you are spice. about called the it is an option to compete with the vix. what is interesting to you about it? >> the spikes has come out from that. ofactually tracks volatility the etf. julie: rather than the s&p 500, which is what the vix tracks. >> exactly. it is actually calculated on the floor from the traders. difference is for the spikes is that it is actually based on a electronic trading. this ismove faster, and in response to what happened on august 24, because the vix was halted for a 30 minute time frame. the traders had to fix it. this will not have halted because the spider was still trading. that is going to be the interesting thing to see, if not the options market starts moving toward electronic work is more for prices. julie: it will be. we will see what happens. i want to get to your trade of the week, and your headspace. l

carol: julie hyman, thank you so much. o the close seven minutes away, one more look at your major averages. julie breaking down on what is going on in today's train. green across the board after said chair janet yellen's speech. no real surprises in her comments so why did stocks get such a big boost today? dani burger is a stocks reporter at bloomberg news. what are you hearing from traders and investors on why we got such a big boost? >> certainly we got something to take stocks out of neutral. they can geteason here, they had yellen giving them these dovish comments. sort of helping with the more hawkish comments we got from the fed governors speeches. investors see that and it confirms this view that they have had and it really helped to get stocks out of that neutral territory. carol: i keep wondering that if the fed has to keep rates low, it needs the economy isn't doing so great, right? typically even as the rate start to rise the markets go up for some time afterwards. i'm trying to get an understanding of the psyc

let's go to the market desk with the julie hyman. julie: we are looking at the market that is not moving very much. volume is down sharply versus the 20 day and 100 day averages. it is still a vacation week for many. we saw a lower volume last week and is characterizing trade. we are getting a little bit of steam as we head further into the session. up 0.2%.nd s&p overall, mark's do feel a little stuck in neutral. -- markets to feel a little stuck in neutral. 714. this is something bloomberg saw in a story today. it has been 10 months that the s&p 500 has gone without making a new high. despite the recovery, it is still 100% -- 100 points below a record. something that is relatively unusual. it is the longest streak of this kind of thing, not making any new highs outside of a bear market since 1995. we go back to 1976 and look at the bear market and these streets we have had, stocks going without making you highs -- streaks we have had, stocks going without making new highs. if you look in the performance of averages, we are still se

going to the markets desk were julie hyman has the latest. julie: on a day we are not saying much movement as we go toward the end of the quarter here, the end of the first quarter of the year, the major three averages doing nearly nothing. we have had the big bounce back in stocks over the past several weeks. take a look at this #. the 10.5% drop into february 11. since then has bounced a nearly 13%. we have also seen a recovery in commodities. example, in the same time this has helped to fuel the games. taking a look at commodities for the year to date, as well as the dollar. here today to gold futures up 17%. -- year to date, gold futures up 17%. the best performance since 1986. crude oil has bounced example, e this has helped to fuel the games. taking a look at commodities for the year to date, as well as the percent since the low in february. now of 4.5% on the year. the dow havinge, a down month and quarter. this is helped to fuel the gains and commodities. and then the recent gains in the dollar. we have definitely seen that relationshi

we want to head to the market desk with julie hyman. with urbanting outfitters. lie: it's far and away the best performer in the s&p. earnings rose by 2%. that was better than estimated. analysts were estimating. they are selling more higher and merchandise. they always sold a mix of clothing and quirky housewares and other items. they have an opening other services. there are pizza parlors and hair salons. that appears to be paying off. truck maker is going in the opposite direction. revenue is down 27%. it's missing the lowest estimate out there. toomey used trucks out there and that is stopping demand. down 13%.es are shares of the shake shack are down. we have a slowing growth. that sounds relatively good. saw an increase of 13.3% in 2015. the stock is highly valued. thing it.k at the this is forward priced ratio. it's pricier. >> it so much tastier. scalet: we are celebrating international women's day with a powerful lineup of guests. ♪ alix: from bloomberg world headquarters in new york, welcome back to bloomberg markets. i am alix steel. scarlet: let's star

let's head to the markets desk where julie hyman has the latest. julie, we have been building on the momentum we got last week. initially that wasn't happening, but then we had a shift led by commodities. if you look at the three major averages, we have a mixed market. the dow jones hanging onto its gains, one of its best performance has been to punt, on speculation that basf could make a bid for the company. if you look at what groups are doing the best at the moment, energy is getting the most, even though this picture is now looking more mixed. technology and consumer discretionary are the biggest drags even as energy holds up well. if you look at the up trend we have seen since february 11, will it remain intact after today? since that low, the bounce has been 9.4%. what is interesting, the gains have been coming. they have been coming by the least loved groups, the most beaten-down groups in the s&p 500. we are looking at the s&p 500 since february 11. this is the financials index in blue, which had been better the most year to date, and has be

let's go to the markets desk with julie hyman. me figures for today, and there is not only a lack of price action, but a lack of

the head to the markets desk with julie hyman. let's talk about those hotels of yours, since it has been an ongoing story with marriott and starwood. $14 billion. anbangroup led by o shows its resolve to expand on it growing hotel empire. strategic hotel was bought for $6.5 billion. that is a pending deal. this would be the latest jewel and its crown. marriott's shares rising at starwood get this higher bid. starwood is rising above that $82 75 -- $82.70 price. -- of in the wake of its the opening of its new thing park in shanghai -- it sold out in just hours. went on till at midnight on monday. it is the sixth of disney's parks worldwide and three times the size of its park in hong kong. those shares gaining. time warner also rising in the week "batman versus superman: dawn of justice." biggest easter opening ever, for fourthgest opening -- largest opening globally. shares gaining speed. then we are looking at the drugmakers. recently, merck won a court victory in its quest against gilead saying its research was the foundation of

julie hyman has the latest on this calm day at the end of the quarter. y called day. look at the s&p 500 today and the other major averages, not seeing much action. the nasdaq is the leader with a gain of 131% -- gain of .3%. for the like we are set tightest range of the year thus far. ofking at an intraday chart the s&p, very tight range here, up only two points for that average. we are still seeing low-volume today, 20% below the 20 day average. you can see the volume by group. the only group we are seeing an uptick in volume is telecom. maybe people are waiting for the beginning of the next quarter, maybe they are earning with -- waiting for earning season. bloomberg met the 758.is g #btv a terrible start to the year with the s&p falling 10.5% through its low of the year. then, we had this enormous rebound of nearly 13%. us down and what has led us back up? i lead analysis to the biggest contributors to the declined by index point. you get some stocks like amazon, for example. -- this is in index points. the amount they took off the s&p. bank of americ

let's head to the markets desk, where julie hyman is looking at brazil. julie: yes.he ruling coalition, the ruling party in brazil says they are not going to stand with the head of the potential impeachment amidst broad allegations of corruption. i just want to take a look at what all this means for the markets in brazil. we are not seeing that much reaction to this current headline. we had already seen brazilian , rallyinge in white the most on a monthly basis going back to 1999 on optimism that she would be removed from her position. this is the currency that has been weakening today versus the u.s. dollar. as the central bank has stepped in. the increasing trade that we are continuing to see in brazil continues to be in focus with this developing situation. back in the u.s. i want to take a couple of movers we have an watching. one of them is chipotle mexican grill. we have been watching. one of them is chipotle mexican grill. company sales may not recover and to 2018 at the earliest, according to one analyst. it will still suffer from lower profitability as they

let's head to the markets desk where julie hyman has the latest. of thewe are on day two ecb rumination, digestion, whatever you want to call it. interpretation is more positive. stocks rising to the highs of the session with the nasdaq .eading the gains a continuation of the upward trend we've had ever since february 11 when we had stocks make their bottom thus far this year. march setting up to be a pretty positive month so far. map, a gain for the month of march of about 4%. that would make it the best month going back to october, breaking what has been a bumpy streak for u.s. stocks come even though stocks were higher in the month of february. also come in terms of today's sessions, the big gains we are seeing on individual basis here on a mixed bag between credit and financials. wells fargo gaining along with the financials today. we've seen this optimism that the ecb action will be helpful to banks down the road. large-cap technology rebounding as well. it is going along with the market on most days, helping lead gains and losses depending on

let's head now to our markets desk where julie hyman has a check on company movers. gy and gas movers. julie: pipelines is where we are focusing on right now. we are watching columbia pipeline. after a big leg up of 15% dow jones reported the company was in talks with transcanada on a takeover in transcanada's acquisition of columbia could exceed $10 billion with debt. a relatively sizable deal. transcanada shares in u.s. trading have turned lower. let's look at william partners, 's natural gas pipeline will be delayed until the second half of 2017. it was targeted to be complete by the end of this year. the company tries to get more permanent -- permits for things like clearing trees in new york. we have declines in the other oil and gas mainstays as well as we see the price of oil decline. familiar names on this list. scarlet: thank you so much, julie hyman print coming up, we will be speaking with neil from credit suisse to get his take on the ecb kitchen sink stimulus. ♪ . . scarlet: from bloomberg world headquarters in new york, this is bloomberg markets. let's s

let's go to julie hyman. julie: stocks not seeing much changed today. they have been seeing a little bit of strength and day has gone on a volume is down about 20%. also down for the other major averages. not seeing as much activity today. if you take a look energy and materials are the 2444 groups -- are the two performing groups, financials as well. industrials and 10 are in the list as well. there is not a clear pattern in terms of what is moving. ll,rgy continues to fa even as oil prices have rebounded today. we are seeing a gain of yearly 2% in crude. we continue to have a weakness in energy stocks. interesting to virgins there. david: materials are lacking today as well? jeffries are downgrading in part because of a big rally recently. evaluation bounce might have gone too far. in particular, reliance steel. down by 2%. analysts say momentum is likely to run out of steam. homee also seeing a pillars pullback after existing home sales numbers euros a month over month decrease of 7%. ont is putting some pressure the home builders. we have been talki

julie hyman has more in our spider sector report. hin retail, we are looking at a call from barclays analyst matthew at a couple of retailers. he is upgrading best buy, actually initiating an overweight rating on best buy and he is downgrading, turning underweight from overweight. you see the stocks accordingly. the retail etf is a little bit down today. buy, the valuet pack, he says consumer electronics industry is challenging and the best buy is stabilized and opportunities remain. on the flipside, he says the company's longer-term comparable sales goal of 3% is optimistic and he says he is increasingly cautious on labor costs. that is going on an retail today. if you look of the year to date movement, on an individual basis, interesting gains we have seen on retail. jcpenney up 60% on turnaround. many of these are -- after lagging for years. the winners this year, the best-performing etf's on the year. up 7%. worked by the performance, up gainedilities, which has as we have seen interest rates go lower. on the downside, the sector

julie hyman has been keeping an eye. julie: a lot of investors are really waiting for tomorrow and the ecb's latest decision. in the meantime, the dow little changed, just up 1/10 of 1%. energy and technology are the two groups leading gains, as you will see from the bloomberg. in telecoms. a little change in consumer discretionary. energy amtech are the two groups that have consistently been doing -- energy and tech are the two groups that have consistently been doing well today. financials -- that's a group we've been talking a lot about, this seven year anniversary of the bull market. it's worth mentioning what has happened to the financials, not just during the bull market, but even before the bull market. take a look at this chart that compares the financials' performance with the broader s&p 500 going all the way back to 2007. we have seen the s&p 500 make new records. that happened last year. the financials have had trouble sort of getting there. they have lagged. they have helped lead during this bull market, if y

julie hyman has been tracking it. julie: thank you. the close, major someges, we have seen volatility in oil prices today, despite the fact that we see weekly inventories rising to an 86-year high, and oil rebounded, perhaps because we saw more refinery utilization, refineries

julie hyman is looking at the leaders. we keep labeling it a huge risk on rallies. julie: it is not that huge. it is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. dissuaded from that view by the fed speakers in the interim who were more hawkish. the double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. the two day rally for the major averages is relatively substantial. it began yesterday after we heard janet yellen speaking it in front of the economic club of new york. what we have seen is a gain of 1.4%. on that basis, not anything to sort of ignore. it also means the s&p is once again higher on the year. it also means we have seen the market cap recovery of the u.s. $1 trillion since february 11. if you add on today's gain another $200 billion or so. that is the size of the rebound we have seen. the old leader coming back in favor. the sang stocks, whatever you want

julie hyman is back with the latest. julie: the struggle continues. they are the highs of the session but that is not saying much. stocks are up about .2% across the board. the gains we are seeing are relatively muted today. the nasdaq about .3% and the volume is low. look at the volume by sector, all of these are as you see at the top of your screen are down. telecom and materials trading volume seeing substantial declines across the board. 20% dropeing about a versus the 20 day and 100 day averages. if you take a look at oil prices, that is something that is worth mentioning. were some headlines coming out saying that even though iran was not ready to freeze production now, it would be at some stage. there was commentary iran wants to ramp up its production before they want to do any kind of freeze. they come down and volatility has coincided with an increase in oil prices and stocks for that matter. bank of america and merrill measure of volatility in white has come down as crude has come down. february 11 is when we saw the short term low and the

let's head to julie hyman. we are talking about a drag on risky assets. tummy and a little bit lower and not showing much of a recovery. but the market services number, it came in below estimates. definitely trepidation in the markets today. in the u.s. economy in particular. that being said, not that much of a selloff today. more like a pause. if you take a look at the bloomberg, sectors on the move. materials are performing the best. tech arere and weighing down the major averages the most. in terms of the commodities, i wanted to take a look at natural gas and oil. natural gas has been in focus. it is trading at a 17 year low. we did have a brief turnaround after the report, it showed a drawdown in gas inventories but once again, it did turn lower. oil prices had a similar movement to natural gas. we size come down and now, it looks like little change on the energy front. even as energy shares continue to show gains. commodity with a killer breakout is gold. we actually are calling for a historic breakout in the market according to that nugent's agency

thank you very much, julie hyman.he encryption battle between fti and apple is intensifying. -- fbi and apple is intensifying. emily chang spoke with apple's lawyer, ted olson, a former u.s. solicitor general. job.ngress should do its to consider the various different alternatives and the impact on citizens, balance the concerns of law enforcement, which we respect. apple has cooperated in every possible way with the government except for throwing out the design of the iphone and redesigning it. needs to consider what technological resources exist. what can be done by the government without scripting private to change the product that they make. things like that. there should be hearings. there should be expert testimony. i have the most -- the most enormous respect for that tremendous public citizen, but that testimony from him, testimony from the head of the nsa and other security agencies, testimony from experts who work on the private sector, and testimony from law enforcement. let's have this debate. the director

we go to julie hyman. rsday deal that is not happening. -- now to a deal that is not happening. long day ofen a opposition to the deal, including from shareholders of terraform power, an affiliate of -- of sunedison. terraform was supposed to buy some of vivint solar's assets. tepper still is not a fan of management. terraform up, sunedison up, vivint's declines have been going faster. citigroup says that a takeout price could be $81 a share in american express. its growth story could be attractive to a bank, for example. shares at $59.34. yahoo!, there has been talk about whether it may try to sell its core assets. verizon -- ityer, is unchanged now -- but they verizon cfo says there have in no discussions with yahoo! yet. those shares down 2.5%. we will stick with this m&a theme. mark, you are looking at burberry. mark: yes. is the third-best performer on the stoxx 600 today. shares up 5.4%. there is speculation it is setting up defenses against a potential takeover in response to state building. let's ge

thank you so much, julie hyman. let's get a check of the headlines. mark crumpton has more from the new stuff. mark: mourners are remembering nancy reagan has a transformative first lady, fierce protector of the late president's legacy and a woman who loved her husband beyond measure. livere looking at a picture from the reagan presidential library in simi valley, california. jr. reagan's son ron, among those giving eulogies. the former first lady died last weekend at age 94. she is being praised for how she dealt with the long goodbye, how she became the major taker to president reagan during a 10-year battle with baltimore's disease that claimed his life. mrs. reagan will be -- alzheimer's disease that claimed his life. mrs. reagan will be buried alongside her husband later today. marco rubio is telling supporters in ohio that the best way to beat donald trump is to vote for ohio governor john kasich. senator rubio: john kasich has a better chance of winning ohio than i do and if that gives us the best chance of stopping donald trump, that is what t

breaking economic data crossing the bloomberg aired let's set it over to julie hyman who has the details. julie: the nonmanufacturing composite index 53.4, slightly above the 53.1 analyst had been anticipating. this is after in earlier measure where it came in below estimates and below 50. that is the dividing line between contraction and expansion. factoring orders coming in below estimates, 1.6% gain versus the 1.2% that was estimated by economist. factory orders excluding .2%nsportation and falling 4% test be a volatile number. if you look at capital goods order, you have a gain of 3.4%. a lot of numbers just coming out in the past few moments. the services part of the economy does the largest part of the u.s. economy. you see what stocks are doing. lower from these headlines coming out. if you look at the s&p 500 on the entry databases, you will see it going downward. datas are not taking this is very positively. this take a look at treasuries as well. yields going lower. we will give it a few moments to shake out can give you an update on how market are digesting all of this data. v

julie hyman is standing by. julie: we are muddling along. i do want to point out movers that are doing better than the broader market, moving more. enterprise, hp enterprise making its first report as a separate entity headed by meg whitman. it is coming in with earnings that topped estimates, reassuring investors about her strategy to break up the company and withstand competition from large competitors. 15%.ng by also higher again today, looking at the bloomberg, chesapeake gain for an amazing the past three-days. 70%. remember, the company has been rising over the past several sessions, even after the death of the cofounder in a car crash on wednesday. here's a look at the three-day chart and the increases. indicted had been prior to his death related to bid rigging. chesapeake has cooperated with investigators and gotten immunity. there's also a short squeeze. this is a shorted stock, more than 40% of its shares sold short. that is contributing to the gains. another stock on the rise is broadcom. this company was created from the acquisi

let's check in with julie hyman. in the medical industry, origin technologies, which is formed by a group of former executives operate to buy the company force 16, 10 pressure -- $1.5 billion total, the shares are surging. the big increase in the shares which have been bumping along and the straight line upward. $15.70.ing at 15 -- taking a look at some of the other things, all three major averages trading higher, near the highs of the session. despite the bounce we have seen in stocks as far this year, over the past couple of months, we have not seen forecasters change their 10. -- tune. the s&p 500 has had this bounce from the lows. s&p 500 forecasters, the strategist from wall street, have not adjusted their forecast upward. they cut at the beginning of the air when it was awful -- beginning of the year when it was awful, still around $21.50 the average forecast. the s&p 500 is now in the green for the year, following on the doubt yesterday. -- the doubt yesterday. -- the dow yesterday. outfitters, one surprising

let's head to the markets with julie hyman. lie: a half hour into trading and seven years into the bull market. of 2009,he anniversary happy birthday, bull market. a step back from yesterday's decline, we also have an increase in oil prices which has been helping matters and investors and traders looking forward to the ecb for a little help on the european side. let's take a look at this market. all the way back to march 9 of 2009. at aboutmarket run 200%, although we had some pickups as of late. what has been interesting is that it is the most hated bull market of all time. take a look at the bloomberg. here is the bull market run in white and the s&p 500 climbed. -- climb. going from 2009 then werly 2012, and have seen outflows. even as we have seen stocks continue to go higher, we have seen a decent about of money coming out of funds that track the u.s. market, interestingly enough. the question is, can we keep going? vonnie: tell us about the uighurs -- the leaders and lacquers. -- laggers.quers 1%, andp by about besides tha

let's send it over to julie hyman at the markets desk. julie: i also have hiccups. let's take a look at what's going on in the market. the nasdaq is higher. that peopleevent have looking for. even as we do have lower trading volumes. this is the lowest volume of the year. if you look around asset we have conflicting testimony from janet yellen herself. some other fed speakers more recently with a little bit more of a hawkish stance emphasizing the april could be on the table for a cut. the market is not buying it. we have rates lower. the two year yield is at 0.8 4%. , theu look at currencies rates are going to go higher. the dollar is a little bit lower versus the yen. were not seen a huge amount of change. the bias is to the downside. we are looking at interest-rate futures on the bloomberg. the probability of a hike being priced in is 6%. it rises from there. we are definitely not seen a very aggressive pricing into the market. oil has been moving sharply lower today. tonight we are going to get the industry report. tomorrow, the government report. gold futures a

let's go to the markets where julie hyman has the latest. julie: you have practiced that. betty: vanna white, here i come. we are indeed coming back from the lows of the session. if you look at the one weak performance of the major averages, we see declined snapping their recent streak, the dow down as it goes back toward unchanged today. been characterized by this change in direction and characterized by lower volume. group andlume by a you can see all 10 industry belowithading utilities volume down the most. this week has also seen the slowest trading day of the year. we have been watching the sectors with the financials being the biggest weight on negative analyst commentary and that as weng into see airlines and general -- and general dynamics selloff. we see telecoms and utilities into a little better and limit some of the declines we had been seeing. and this has been a change of course this week. julie: we have had the movement this year where commodities were down in stocks were down and in the reversal happen on february 11 and now we have another reversal, at lea

julie hyman is standing by wit. e: joining me for today's options inside is dan pastor rally, founder of maker taker.com. unusualeen kind of an day here. we had this jobs report where the headline number was good, the wage number worse than estimated. it seems as though traders are not quite sure what to make of it. i think traders aren't really sure. we are sitting at an extremely pivotal level in the s&p 500. personally, i think some of the technicals are a little more important than what is going on state and that's what of thing. julie: what technicals are you watching? if we close above, it is that mean we continue to see this uptrend going on for the past few weeks? think 2000 is a big psychological point and i would look for some follow-through if we close above it and if we don't, i would look at that as a strong resistance point and look for heading back lower. what i think is that for the next several months, we are in a volatile range. it is a pretty big range. volatility,ing of we are not seeing a lot of